HomeMy WebLinkAboutWACHOVIA BANK NATIONAL ASSOCIATION SUBORDINATION AGREEMENT
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Book 01183: 1791 Augusta - Richmond County
200803160907/09/200814:18:29.01
$0.00 AGREEMENT
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2008031609 Augusta - Richmond County
Return to:
James T. Plunkett, Esq.
701 Greene Street, Suite 104
Augusta, GA 30901
STATE OF GEORGIA )
)
COUNTY OF RICHMOND )
THIS AGREEMENT, made and entered into this /1+h day of
c\ Ili\f." , 2008, by and between AUGUSTA, GEORGIA, a political subdivision
of the State of Georgia (hereinafter referred to as "AUGUSTA"), and W ACHOVIA
BANK, NATIONAL ASSOCIATION, (hereinafter referred to as "BANK");
SUBORDINATION AGREEMENT
WITNESSETH:
WHEREAS, KENNETH O. ROBERTS (hereinafter referred to as "OWNER") on
February 24, 2006 gave to BANK an Open-End Deed to Secure Debt to the property
described on Exhibit A, to secure a certain indebtedness to BANK and said Open-End
Deed to Secure Debt is recorded in the Office of the Clerk of the Superior Court of
Richmond County, Georgia, in Realty Reel 1043, page 1677.
WHEREAS, OWNER has granted an Easement dated
,:)i,J ilL 3D J..IJ/J'l to AUGUSTA across the property described on Exhibit A,
the original of which is to be recorded in the Office of the Clerk of the Superior Court of
Richmond County, Georgia; and
WHEREAS, BANK is willing to subordinate the lien of said Open-End Deed to
Secure Debt dated February 24, 2006 and recorded in Realty Reel 1043, page 1677, to
any interest that AUGUSTA may have in the above referenced easement.
NOW, THEREFORE, in consideration of the premises and the mutual
covenants and promises hereinafter contained and the duties to be undertaken, BANK
does hereby agree and declare that the lien of the Open-End Deed to Secure Debt from
OWNER to BANK, dated February 24, 2006, and recorded in the Office of the Clerk of
the Superior Court of Richmond County, Georgia in Realty Reel 1043, page 1677, is and
, .
Book 01183:1792 Augusta-Richmond County
200803160907/09/2008 14:18:29.01
forever shall be subject, subordinate and inferior in lien right and dignity at all times to
the easement from OWNER to AUGUST A which is to be recorded in the aforesaid
Clerk's Office.
WHEREFORE, BANK has caused this instrument to be executed by its duly
authorized officers and seal affixed, all on the date above first written.
W ACHOVIA BANK,
NATIONAL ASSOCIATION
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Book 01183: 1793 Augusta-Richmond County
200803160907/09/2008 14:18:29.01
Exhibit A
All that lot or parcel of land, with improvements thereon, situate, lying and being in the
State of Georgia, County of Richmond, being known and designated as Lot 4, Block C,
of Section Two, Pinnacle Place Subdivision, as is more particularly shown on a plat
thereof recorded in the Office of the Clerk of the Superior Court of Richmond County,
Georgia, in Reel 206, at pages 1295-1300; reference is hereby made to said plat for a
more complete and accurate description as to metes, bounds, and location of said
property.
This property is conveyed subject to restrictions of record in said Clerk's Office in Reel
208, at page 1116, and to any easements of record.
Map and Parcel: 140-0-207-00-0
Filed in this office:
Augusta-Richmond County
07/09/200814:18:29.01
Elaine- C -Johnson
Clerk of Superior Court